Business Desk :
Asian Development Bank (ADB) will provide $501.5 million assistance to Bangladesh for implementing the Rupsha 800 MW combined cycle power plant project.
Out of the total amount, the Manila-based lending agency will provide $500 million in Ordinary Capital Resources (OCR) loan while the rest of $1.5 million as grant.
The loan and grant agreements in this regard will be signed between the government and the ADB on August 2 at the NEC-2 Conference Room in the capital’s Sher-e-Bangla Nagar.
Economic Relations Division (ERD) Secretary Kazi Shofiqul Azam and ADB Country Director Manmohan Parkash will sign the loan and grant agreements on behalf of their respective sides.
Asian Development Bank (ADB) will provide $501.5 million assistance to Bangladesh for implementing the Rupsha 800 MW combined cycle power plant project.
Out of the total amount, the Manila-based lending agency will provide $500 million in Ordinary Capital Resources (OCR) loan while the rest of $1.5 million as grant.
The loan and grant agreements in this regard will be signed between the government and the ADB on August 2 at the NEC-2 Conference Room in the capital’s Sher-e-Bangla Nagar.
Economic Relations Division (ERD) Secretary Kazi Shofiqul Azam and ADB Country Director Manmohan Parkash will sign the loan and grant agreements on behalf of their respective sides.
